Closing Bell Closing Bell: The Tech Takeoff 6/24/25
Jun 24, 2025
Deirdre Bosa, a CNBC correspondent specializing in tech, teams up with Liz Ann Sonders, Chief Investment Strategist at Schwab, to dive into the record highs of technology stocks and the Nasdaq 100. They discuss the pivotal role of tariff relief and AI momentum in this rally. The duo also scrutinizes big market moves, particularly in Carnival and Uber, while unpacking the cautious strategies of the Federal Reserve amidst shifting market dynamics. Tune in for insights on investment strategies against a rapidly evolving economic backdrop!
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Episode notes
Tech Sector's Strong AI-Driven Rebound
- The tech sector is rebounding strongly with the AI trade boosting various companies despite some big names being down year-to-date.
- Market optimism on potential Fed rate cuts is making future tech profits more valuable.
Market Moves On Relative Expectations
- Markets react more to better or worse than expected rather than absolute good or bad news.
- Positive inflection points in tariffs and Middle East conflict have driven recent market gains.
Fed Pragmatism Reassures Market
- Fed Chair Powell emphasizes being pragmatic and patient on interest rate policy amid inflation uncertainty.
- Market values this stance positively as it shows the Fed’s commitment to dual mandate balance.